5025 S Highland Dr - Mixed-Use/For-Sale Townhome Development Site
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5025 S Highland Dr - Mixed-Use/For-Sale Townhome Development Site
1.21 Acres of Commercial Land Offered at $2,594,950 in Holladay, UT 84117
Investment Highlights
- Located in highly affluent suburb of Salt Lake City.
- Close proximity to ski resorts and multiple amenities.
Executive Summary
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire 5025 South Highland Drive (the “Site”), a premium 1.21-acre development site in the heart of Holladay, Utah. Holladay is a highly affluent suburb of Salt Lake City, the state’s capital and economic hub.
This offering includes conceptual development plans for a 182-seat restaurant/brewery with six studio condos on the second floor. This concept would be welcomed by local patrons due to the lack of neighborhood bars in Holladay.
Additionally, the plans for the Site include four 3-bedroom townhomes, designed to be for sale, addressing a clear need in the supply-constrained Salt Lake suburbs. For more information, please refer to the Zoning and Conceptual Drawings sections of the OM.
This offering includes conceptual development plans for a 182-seat restaurant/brewery with six studio condos on the second floor. This concept would be welcomed by local patrons due to the lack of neighborhood bars in Holladay.
Additionally, the plans for the Site include four 3-bedroom townhomes, designed to be for sale, addressing a clear need in the supply-constrained Salt Lake suburbs. For more information, please refer to the Zoning and Conceptual Drawings sections of the OM.
Property Facts
| Price | $2,594,950 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 1.21 AC |
| Price | $2,594,950 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 1.21 AC |
1 Lot Available
Lot
| Price | $2,594,950 | Lot Size | 1.21 AC |
| Price Per AC | $2,144,587 |
| Price | $2,594,950 |
| Price Per AC | $2,144,587 |
| Lot Size | 1.21 AC |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $21,100 | |
| Land Assessment | $1,043,500 | Total Assessment | $1,064,600 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,043,500
Improvements Assessment
$21,100
Total Assessment
$1,064,600
zoning
| Zoning Code | C-2 |
| C-2 |
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5025 S Highland Dr - Mixed-Use/For-Sale Townhome Development Site
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